Monero Hits 1-Day Volume of $56.73 Million (XMR)

Monero (XMR) traded up 1.7% against the U.S. dollar during the 24-hour period ending at 19:00 PM Eastern on August 21st. One Monero coin can currently be purchased for about $160.73 or 0.00261553 BTC on major exchanges. Monero has a total market capitalization of $2.96 billion and approximately $56.73 million worth of Monero was traded on exchanges in the last day. In the last week, Monero has traded up 6.4% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 3.1% against the dollar and now trades at $61,451.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.1% against the dollar and now trades at $0.11 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded up 3.9% against the dollar and now trades at $352.63 or 0.00573833 BTC.
• UNUS SED LEO (LEO) traded 2.6% higher against the dollar and now trades at $6.03 or 0.00009815 BTC.
• Litecoin (LTC) traded down 0.3% against the dollar and now trades at $64.54 or 0.00105030 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $19.53 or 0.00031778 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $24.18 or 0.00039346 BTC.
• Bitcoin SV (BSV) traded 4.5% higher against the dollar and now trades at $44.59 or 0.00072557 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded up 5.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Monero Coin Profile

Monero is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its genesis date was April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official message board for Monero is forum.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here.

According to CryptoCompare, “Monero (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Buying and Selling Monero

It is usually not currently possible to buy alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView